Hong Kong market near four-year high is still undervalued
US markets pulled back overnight with investors doubting inflation figures out on Friday. Local stocks continue to swing depending on results, such as Reece's fall yesterday. The Hang Seng jumped 2% yesterday building on recent gains. As it returns to a four-year high, valuations look low. Stocks we're watching are Alibaba, G8 Education and Fortescue.
The skinny
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